Boat Insurance Deductibles

Some boat insurance deductibles will be a flat fee such as $250 or $500, while others will be a percentage of the boat’s value. Before determining your deductible amount, it’s worth considering a couple things:
  1. Consider your budget: Before selecting a deductible, it’s important to consider your budget and how much you can afford to pay out of pocket in the event of a claim. The higher the deductible, the lower your premium will be, but you’ll need to make sure you can cover the deductible if you need to make a claim.
  2. Evaluate your risk: If you’re an experienced boater and have a good safety record, you may be comfortable with a higher deductible. If you’re new to boating or have had accidents in the past, a lower deductible may be a better option for you.
There are discounts in premium if you opt for a higher deductible; talking with our team will help you determine which option is best for you. Contact us today for a free quote on your boat insurance!
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